Latest Energy subsidies News

Egypt increases fuel prices, as part of austerity measures

Jun. 16, 2018 2:33 PM EDT

CAIRO (AP) — Egypt announced Saturday steep increases in fuel and cooking gas prices as part of the country's economic reforms and austerity measures designed to overhaul the country's ailing economy. The new prices went into effect Saturday morning, the Ministry of Oil said in a statement. Prices for...

The Latest: Activists say 2 killed by Syria shelling

Jun. 15, 2018 7:59 AM EDT

GAZA CITY, Gaza Strip (AP) — The Latest on Eid al-Fitr (all times local): 3 p.m. Syrian activists say two people were killed when the government shelled a cemetery where they were visiting the graves of their relatives on the first day of the Eid al-Fitr holiday. Mahmoud al-Hamawi says three others were...

Egypt defends austerity measures amid fears of unrest

Jun. 13, 2018 12:16 PM EDT

CAIRO (AP) — Egypt's President Abdel-Fattah el-Sissi on Tuesday defended austerity measures aimed at reviving the economy, amid fears of public anger that may have motivated the arrests of activists and bloggers in recent weeks. The government recently raised the price of electricity and tap water as part...

New Jordan PM promises chance as anti-tax protests resume

Jun. 6, 2018 4:29 PM EDT

AMMAN, Jordan (AP) — Jordan's incoming prime minister said Wednesday he will work with different parties on a fair tax system, suggesting he will be responsive to criticism of a tax plan that forced out his predecessor. Omar Razzaz posted the conciliatory message on Twitter a day after Jordan's King...

Egypt's central bank says mounting foreign debt at $82.9bn

May. 31, 2018 12:11 PM EDT

CAIRO (AP) — Egypt's foreign debts reached around $82.9 billion, for the period ending December 2017, rising by 4.9 percent compared to six months earlier, the Central Bank of Egypt revealed in a report on Wednesday. The CBE, however, maintains that the foreign debt to gross domestic product ratio is...

Brazil president says striking truckers could be removed

May. 25, 2018 7:34 PM EDT

RIO DE JANEIRO (AP) — A nationwide strike by thousands of truckers brought much of Latin America's largest nation to a halt on Friday, prompting Brazilian President Michel Temer to authorize the military to use force in removing drivers and their parked vehicles from highways and other roads. Truckers...

New Jersey OKs $300M annually to rescue nuclear industry

May. 23, 2018 1:47 PM EDT

SOUTH BRUNSWICK, N.J. (AP) — Legislation that would authorize $300 million annually to rescue New Jersey's nuclear energy industry — a request for financial help made by the state's largest utility company — was signed into law Wednesday. Democratic Gov. Phil Murphy alongside lawmakers at a...